Tag: Charged

A Rancho Cordova, California nurse has been charged by federal authorities with selling illegal narcotics via dark net markets. Allegedly, her username Farmacy41 earned over 200 BTC across three markets. Carrie Alaine Markis made an appearance in federal court in Sacramento, charged with numerous counts of drug dealing. Farmacy41 Markis reportedly used the handle Farmacy41 across several DarkNetMarkets beginning in 2013. She told customers that her source was people who bought pills from those who had them legally prescribed to them. In total, she allegedly sold almost 9,000 hydrocodone pills, over 2,500 oxycodone, nearly 1,000 methadone pills, 70 morphine tablets

Authorities charged Lawillie Joshua Hall March 19 with two counts of second-degree robbery. The defendants, dubbed the “Discount Bitcoin Bandits,” also face gun allegations, and the charges include prior conviction allegations against Fitzgerald. A preliminary hearing on the amended complaint has …Google Alert – bitcoin

A prolific bitcoin trader has been charged with money laundering in an unusual San Diego federal case. Morgan Rockcoons, 30, was arrested Feb. 9 at the Palms Hotel in Las Vegas where he'd been staying, according to court records. He is accused of selling bitcoin to an undercover agent who posed …Google Alert – bitcoin

Dillon Dean and his company The Entrepreneurs Headquarters (THE) were formally charged by the U.S. Commodity Futures Trading Commission (CFTC) last week. The government agency alleges that Dean, through TEH, conducted a “fraudulent Ponzi-style” scheme, misappropriated funds and failed …Google Alert – bitcoin

According to U.S. Attorney William E. Fitzpatrick, a Drug Enforcement Administration investigation led to the arrest and indictment of two California men for their role in a large-scale fentanyl trafficking ring. The operation resulted in the distribution of fentanyl and fentanyl analogs across the United States. The investigation began last year in August when the Drug…

Crypto currency and bitcoin specifically is a game changer though we still are in the early phases of adoption. Transaction fees really aren't that much, especially when the transaction queue's aren't kept artificially high. As more people start to use bitcoin, this will stabilize.

Regardless though, I am just trying to show perspective. When you say that bitcoin transaction fees are too much, consider what merchants have to pay for credit card fees and the potential loss from chargebacks. And let's also think about cash usage. Just because a business accepts cash doesn't mean that they don't also incur additional costs such as armored trucks, security systems, etc that they need to use as a precautionary measure for security.

Bitcoin would alleviate so many of those costs and give businesses more security over time. As Bitcoin continues to evolve such as Lightning we can expect to see faster and cheaper transaction times.

Don't buy in to that Bitcoin is a terrible currency. As a matter of fact, it is a brilliant one and as time goes on, it will become more efficient and resilient.